Day: April 10, 2023

Over half of bitcoin supply is dormant as accumulation continues

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On-chain analytics provider Glassnode has recently released a report indicating that over 50% of the bitcoin (BTC) supply is dormant, pointing to a prevalent trend of holding and accumulating it. According to the data, these coins have been static for the last two years, with an all-time high of 53% of supply last active more than two years ago. This suggests that those who bought the digital asset more than two years ago are unwilling to sell. Notably, Anthony Pompliano, a popular industry influencer, tweeted that nearly 29% of all…

Ethereum generates $743m in fees over 6 months, outpaces rivals and bitcoin

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Ethereum (ETH) continues to be the top dog when it comes to generating fees in the blockchain world, signaling its unwavering adoption and growth. In an April 10 report, blockchain data firm Token Terminal revealed that Ethereum generated more than double the fees of its nearest competitor over the past six months, raking in a staggering $743 million in cumulative daily fees. Meanwhile, TRON, Ethereum’s closest rival, generated less than half at $282 million, with bitcoin (BTC) generating just under $80 million during the same period. Top crypto projects by…

The Bright Future of Supply Chain Management with Blockchain Technology

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In today’s globalized economy, supply chain management plays a critical role in ensuring the smooth and efficient flow of goods and services. As supply chains become more complex and interconnected, businesses face increasing challenges related to transparency, traceability, and trust. One technology that promises to address these challenges and revolutionize supply chain management is blockchain. This distributed ledger technology has gained significant attention in recent years, mainly due to its association with cryptocurrencies like Bitcoin. However, its potential applications extend far beyond digital currencies and can significantly impact industries, such…

Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa – Africa Bitcoin News

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In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming subscription. Africans Embracing Blockchain Cryptocurrency exchange Binance said it has partnered with the video streaming service Showmax in a collaboration that seeks to deepen crypto adoption in Africa. According to a Business Day report, about 500 Nigerian Binance users enrolling to become active participants in…

The Global Regulatory Landscape of Cryptocurrency Exchanges: Challenges and Opportunities

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In recent years, cryptocurrency exchanges have grown in popularity, providing a place for users to buy, sell, and trade various cryptocurrencies. The global regulatory landscape of cryptocurrency exchanges, on the other hand, remains a challenge for the business, with differing levels of regulation and oversight in different areas. In this article, we will look at the worldwide regulatory landscape of cryptocurrency exchanges and the challenges and possibilities it presents. Challenges The absence of distinct regulatory frameworks is one of the primary challenges confronting cryptocurrency exchanges. While some countries have made…

LABEL Foundation Secures 7 Digit Investment From DWF Labs – Press release Bitcoin News

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press release PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm. DWF Labs, that has recently been labeled as a top crypto investor by Coindesk, has injected $1 million in LABEL’s ecosystem to foster the development of their pioneering Dapp TRACKS and to expand their user base by bringing innovative solutions to the market. Over the…

Hong Kong takes the lead in blockchain logistics after Maersk TradeLens demise

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After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade. Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the long term. According to a report by The South China Morning Post, GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool. The platform is based on a permissioned…

USDT market cap surges, while USDC and BUSD record massive declines

Tether USD (USDT), the largest stablecoin by market capitalization, is witnessing an impressive surge in its valuation, having recently hit an 11-month-high market cap. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) have each observed record declines in their respective market capitalizations. USDT market cap chart on April 10 | Source: CoinMarketCap Notably, USDT’s market cap recently crossed the $80 billion threshold for the first time since it dropped below the mark at the start of the Terra collapse in May 2022. Having begun the year with a valuation of…

Over 50% not moved in 2 years, Glassnode says

More than half of Bitcoin (BTC) in circulation has not been touched for two years, according to data compiled by the crypto analytics platform Glassnode.  On April 10, crypto influencer Anthony Pompliano highlighted that 53% of Bitcoin’s circulating supply has been inactive in the last two years. Citing data published by Glassnode, Pompliano pointed out that this is a new all-time high for this specific metric tracked by the data platform. More than 1 out of every 2 bitcoin in circulation has not moved in the last 2 years. We…